Breaking Down GLP-1 Medications, Workers Compensation Mediations, Alternative Drug Sourcing and Cost Containment Solutions

Welcome to the latest edition of Captive Resources Insights, a compilation of recent group captive insurance industry news and insights. This edition's articles cover information employers need to know about GLP-1 medications, workers' compensation mediations, and alternative drug sourcing and cost containment solutions.

GLP-1 Medications: The Good, The Bad, and The Opportunity

As GLP-1 weight loss medications like Ozempic and Wegovy gain popularity, many employers are reevaluating their healthcare benefits strategies. This is a multifaceted decision that touches on both budgetary considerations and the broader role employers play in supporting employee well-being. Visit the link below to explore the benefits, risks, and opportunities presented by incorporating GLP-1 weight loss medications into employer-sponsored health plans.

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Workers Compensation Mediations: What Employers Need to Know

Discover how mediation can help settle insurance claims by visiting the link below to learn from Harsinie A. Panditaratne, a lawyer and founding member of HP Law LLC.

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Exploring Alternative Drug Sourcing and Cost Containment Solutions

Data from Mercer shows that specialty medications — high-cost drugs used to treat complex, chronic conditions such as cancer — account for only 2% of utilization but a staggering 48% of pharmacy spending. To combat these high drug costs, a variety of drug sourcing and cost containment solutions have emerged as alternative options. Visit the link to learn more about these solutions.

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